BTC
Grayscale Bitcoin Mini Trust · Grayscale
Tech & Innovation
1Y Return
-29.9%
Expense Ratio
0.15%
AUM
$4.8B
Dividend Yield
0.00%
Avg Annual Growth (Since Inception)
+43.0%
Issuer
Grayscale

Overview

Spot bitcoin at the category's lowest fee — Grayscale's low-cost answer to its own expensive flagship, seeded from GBTC's coins under the boldest ticker in the market.

Top Holdings

TickerHoldingWeight
BTCBitcoin (Coinbase custody)100.0%

Fund Details

Benchmark
CoinDesk Bitcoin Price Index
# Holdings
1 (BTC)
Inception
Jul 2024
Exchange
NYSE Arca
Structure
Grantor Trust
Distribution
None
Avg Annual Growth (Since Inception)
+43.0%
Avg Annual Yield (Since Inception)
0.00%

Investment Thesis

Grayscale watched GBTC bleed assets over its 1.5% fee and answered with this: the same bitcoin, spun into a mini trust at 0.15% — cheaper than every major rival — wearing the ticker 'BTC' itself. For buy-and-hold bitcoin exposure, fee is nearly the whole differentiation game, and this fund wins it. The asset's -30% year is the same story across every spot fund; the wrapper choice is about cost.

Who It's For

Long-term bitcoin holders who want the cheapest possible wrapper and the simplest ticker. Traders needing deep options liquidity still go to IBIT; savers come here.

10-Year History

Annual Closing Price
YearClose% Chg
2016----
2017----
2018----
2019----
2020----
2021----
2022----
2023----
2024$30.07--
2025$43.00+43.0%
Annual Dividend Yield
YearYield
2016--
2017--
2018--
2019--
2020--
2021--
2022--
2023--
20240.00%
20250.00%
Annual AUM
YearAUM% Chg
2016----
2017----
2018----
2019----
2020----
2021----
2022----
2023----
2024$4B--
2025$6B+50.0%

Price history from exchange data. Dividend yields from reported distributions; some earlier years are derived from total-return vs price-return data or are ETFHub estimates. AUM history is an ETFHub estimate modelled from current assets and annual returns (fund flows not reflected) and may differ from official fund records. Data as of October 2026.

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